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segalm

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tT
发表于 2011-7-11 19:53 | 只看该作者

is it correct to say this re: ROE and P/E?

correct, company, return, direct
ROE has no direct effect on P/E, if return is paid out in dividend, p/e decreases, if return is reinvested within the company, p/e increases.


is this statement correct?
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flyinggirl

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2#
发表于 2011-7-11 19:53 | 只看该作者
ROE affects PE through the payout ratio

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5566

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3#
发表于 2011-7-11 19:53 | 只看该作者
(1-b)/(r-g)=leading P/E

b=g/ROE

(1-(g/ROE))/(r-g)= P/E

as ROE falls so does P/E

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bolligerallstar

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4#
发表于 2011-7-11 19:53 | 只看该作者
ROE definitely affects P/E, by altering g.

g = (1-b)*ROE

As ROE falls, so does g. as g falls, so does P/E.

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thecfawannabe

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5#
发表于 2011-7-11 19:53 | 只看该作者
grumble Wrote:
-------------------------------------------------------
> ROE definitely affects P/E, by altering g.
>
> g = (1-b)*ROE
>
> As ROE falls, so does g. as g falls, so does P/E.


CORRECTION: g=(b)(ROE)

Other comment holds true.

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stalkey

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6#
发表于 2011-7-11 19:53 | 只看该作者
some people define b as the dividend payout ratio instead of the earnings retention ratio. grumble is smart dude I'm sure he knows it is what you keep after dividends are paid out of NI.

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